Foot Locker Stock Undervalued Despite Big Run

Bad weather be damned. Shares of the footwear retailer are racing ahead thanks to better than expected fiscal fourth-quarter results.

While many retailers are grumbling about lousy weather hurting business, Foot Locker is outrunning nature's elements.

The footwear retailer announced better-than-expected fiscal fourth-quarter earnings of $121 million, or 81 cents per share, easily exceeding the consensus estimates of $112 million and 76 cents per share, respectively. Revenue in the quarter ended in January rose 4.6% to nearly $1.8 billion, beating the $1.76 billion...